The Dogecoin monthly LMACD shows signs of potentially rolling over, indicating a further weakening of momentum.
Notably, Dogecoin price is trading at $0.1701, a 1.11% decline from the intra-day high of $0.1724. As of mid-2025, the cryptocurrency remains far from its all-time high of $0.74, indicating ongoing bearish pressure.
LMACD Indicates Bearish Momentum
However, according to crypto analyst Tony “The Bull” Severino, CMT, Dogecoin’s 1-month LMACD (Logarithmic MACD) shows DOGE is likely in for a continuation of the downtrend, as it happened in previous cycles. The LMACD line remains below the Signal line, and the histogram is still negative, signaling weak momentum.
Looking back to 2017-2018, Dogecoin displayed a bullish trend, with the LMACD line above the Signal line and a positive histogram, indicating strong momentum. However, as the price peaked at $0.017 on January 7, 2018, the trend shifted.
Specifically, the LMACD turned negative, with the histogram showing declining momentum. This shift marked the start of a downtrend, and Dogecoin’s price eventually fell to as low as $0.002 by April 2018.
The 2020-2021 period, however, saw a major reversal. During this time, the LMACD strongly favored the bulls, with the indicator signaling an upward price movement.
This period of strong momentum saw Dogecoin rise to its peak of $0.68 on May 8, 2021. The LMACD histogram remained green, showing robust positive momentum. This phase reflected a strong rally, but by 2022, the LMACD began signaling a reversal.
LMACD Reversal in 2022
After reaching its 2021 high, the LMACD’s position began to shift. The histogram turned red, and the LMACD line crossed below the Signal line, signaling the end of Dogecoin’s bullish phase.
This reversal marked the beginning of a downtrend that lasted through 2022. By mid-June 2022, Dogecoin’s price had fallen to around $0.05. The LMACD’s negative positioning, coupled with the red histogram, suggested that Dogecoin had entered a period of weak market momentum.
The current LMACD readings further suggest continued bearish conditions. The LMACD stands at 0.1440, with the Signal line at 0.1704. Additionally, the histogram remains negative at -0.0263, indicating weak momentum. These negative signals show that Dogecoin’s market trend is still under pressure.
According to the analyst, this 1-month LMACD for Dogecoin shows signs of potentially rolling over and playing dead, indicating a further weakening of momentum.
Analyst Predicts Massive DOGE Price Recovery
While the LMACD shows bearish momentum, there are other analysts who believe that Dogecoin may still have some bullish potential. For one, Trader Tardigrade has suggested that Dogecoin follows certain price rhythms, implying that its price may follow similar patterns after breakout phases.
According to Tardigrade, the cryptocurrency could see a rally similar to previous price actions after significant consolidation periods.
Tardigrade’s analysis points out that Dogecoin may begin to show signs of accumulation within the $0.18 – $0.20 range, with potential for upward movement if it holds these support levels. This could lead to a bullish breakout, possibly pushing Dogecoin towards the $0.6533 level, a more than 260% increase from current levels.
On-Chain Data Shows Changing Market Sentiment
Elsewhere, according to data from CoinGlass, the derivatives market is also showing signs of shifting sentiment towards Dogecoin. The open interest for Dogecoin has seen a slight uptick of 0.08%, reflecting a growing interest in the cryptocurrency despite its weak technical signals.
Additionally, the trading volume for Dogecoin has been substantial, an indication that the market may be preparing for another move.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
